Located in Xingfu Community No.1 on North Gongti Rd., Sanlitun, and in close proximity to prime locations such as the embassy area, Chaoyangmenwai central business district (CBD), Chaoyang Park and CBD, Beijing Fortune Times is situated at the intersection of three business circles. With CBD lying to its south and Yansha business circle consisting of Yansha Shopping Mall, Kempinski Hotel, high-end office buildings and leisure centre to its northeast, the project neighbors in its west one of the areas with the richest cultural heritage in Beijing, where hosts the largest stadium of the city - Workers Stadium, Baoli Tower that integrates catering, entertainment, apartment and business, and Hong Kong - Macau Centre that features a full array of facilities.
With a land area of 30,100 sq.m. and a planned gross floor area around 210,000 sq.m., the project will be built into a premium flagship commercial hub at city centre with a five star hotel, world renowned commercial brands and cultural and entertainment facilities.
Shimao Property acquired the site at Sanlitun, Beijing, for RMB 1.4 billion intended for integrated use, which is a crucial step to the Company in establishing a diversified portfolio that includes residential, commercial and hotel properties. The project, as estimated, will be completed by phases in 2009 to 2010.